Sec. 7. (a) The commercial vehicle excise tax for a vehicle to which this chapter applies will be determined by the department on or before October 1 of each year to be effective on January 1 of the following year.

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Terms Used In Indiana Code 6-6-5.5-7

  • Base revenue: means the minimum amount of commercial vehicle excise tax revenue that a taxing unit will receive in a year. See Indiana Code 6-6-5.5-1
  • Commercial vehicle: means a vehicle to which the tax imposed by this chapter applies. See Indiana Code 6-6-5.5-1
  • Department: refers to the department of state revenue. See Indiana Code 6-6-5.5-1
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Semitrailer: has the meaning set forth in IC 9-13-2-164(a). See Indiana Code 6-6-5.5-1
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) The commercial vehicle excise tax factor is determined in accordance with the following formula:

STEP ONE: Determine the total amount of base revenue for all taxing units using the base revenue determined for each taxing unit under section 19 of this chapter.

STEP TWO: Determine the sum of registration fees paid and collected under IC 9-29-5 (before its expiration) or IC 9-18.1 to register vehicles to which this chapter applies during the state fiscal year that ends June 30 immediately preceding the calendar year for which the tax is first due and payable, excluding:

(A) the transportation infrastructure improvement fees imposed under IC 9-18.1-15; and

(B) the supplemental fees to register electric vehicles and hybrid vehicles imposed under IC 9-18.1-5-12;

during the state fiscal year.

STEP THREE: Determine the tax factor by dividing the STEP ONE result by the STEP TWO result.

     (c) Except as otherwise provided in this chapter, the annual commercial vehicle excise tax for commercial vehicles other than semitrailers is determined by multiplying the registration fee under IC 9-29-5 (before its expiration) or IC 9-18.1-5, excluding the supplemental fee to register an electric or hybrid vehicle under IC 9-18.1-5-12, by the tax factor determined in subsection (b).

     (d) The annual commercial vehicle excise tax for a semitrailer shall be determined by multiplying sixteen dollars and seventy-five cents ($16.75) by the tax factor determined in subsection (b).

     (e) The amount of the commercial vehicle excise tax determined under this section shall be rounded upward to the next full dollar amount.

As added by P.L.181-1999, SEC.2. Amended by P.L.14-2000, SEC.20; P.L.182-2009(ss), SEC.239; P.L.293-2013(ts), SEC.24; P.L.216-2014, SEC.6; P.L.198-2016, SEC.47; P.L.256-2017, SEC.70; P.L.185-2018, SEC.19.

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